South Korea’s credit card firms wary of government’s bad bank plan amid rising delinquency rates The Korea Times Read the original article here
David Smith submitted false VAT returns on behalf of long-established Scottish machinery firm Balgownie Limited across a three-year period In total, more than £1.5 million was undeclared to HM Revenue and Customs (HMRC) between 2019 and 2022 Smith has been banned as a director for 11 years and the company was bought out of administration…
The online gambling platform Polymarket publicly shamed one of its own customers who lost a large sum of money betting on sports. In early August 2025, Polymarket, which had recently resolved its legal trouble with the federal government in an effort to return to U.S. cyberspace, posted about the user on its X/Twitter account. Polymarket…
In a development with potentially significant implications for the construction and insolvency sectors, the Ontario Superior Court granted an initial order under the Companies’ Creditors Arrangement Act (“CCAA“) that included a rarely seen measure: a stay on calls against performance bonds. The decision in Re Earth Boring Co. Limited raises important questions about the limits…
UK ministers appoint insolvency advisers for Thames Water collapse ‘contingency plans’ UK ministers have lined up insolvency practitioners to prepare for the potential collapse of Thames Water, Britain’s biggest water company. Steve Reed, the environment secretary, has signed off the appointment of FTI Consulting to advise on contingency plans for Thames Water to be placed…
Melb builder forced into liquidation amid claims of defective works Herald Sun Read the original article here
Mainland developer China South City hit with liquidation order The Standard (HK) Read the original article here
Dragonboat Restaurant has been serving Cantonese cuisine on Auckland’s Elliott Street since 1994. Photo: RNZ / Yiting Lin A prominent Chinese restaurant in Auckland’s CBD was placed into liquidation last month after owing at least $1.4 million to creditors. Opened in 1994, Dragonboat Restaurant on Elliott Street served a wide range of Cantonese dishes, including…
CAPELLE ON THE IJSSEL, Netherlands (CelebrityAccess) –Dutch concert promoter Bon Bon Entertainment has been declared bankrupt by a local judge, ending nearly 15 years in the live entertainment business. Founded in 2010, Bon Bon staged concerts by international artists such as Wizkid, King Promise, Tory Lanez, Tiwa Savage, and…
Debt consolidation can simplify your finances and potentially lower your interest rate. There may be upfront costs that can offset potential savings. People with good credit may qualify for better loan terms, making consolidation a good option. Debt consolidation involves combining several debts — such as credit cards, personal loans or medical bills — into…